tax rate inequities tagged posts

Let’s start with this: the progressive income tax is “socialist,” pure and simple. It allows the government to take more— far more, barring sleazy or outright illegal accounting practices—from the wealthy than it does the lower classes. That’s the baseline truth, the distilled fact about the matter. One can argue from there about its benefits or folly, but not about the equation itself:

Progressive Income Tax = Socialism.

Ben Carson said as much in a 2015 Republican presidential debate, and it was one of the few things he uttered throughout the campaign that actually made sense. (Although his full statement on the matter did devolve into a simplistic argument against progressive taxation):

“It’s all about America. You know, the people who say, ‘The guy who paid a billion dollars because he had 10, he’s still got $9 billion left? That’s not fair...